The Central Bank of the Dominican Republic reported that remittances received totalled USD 1,870.4 million in January–February 2026, a 1.0% increase year on year. February inflows were USD 887.6 million, down USD 29.4 million from February 2025 and USD 95.2 million from January 2026. The central bank linked the remittance performance to a challenging international backdrop and weaker-than-expected conditions in the United States, which accounted for 83.4% of formal remittance inflows in February (USD 663.5 million). It cited US unemployment of 4.4% in February (4.3% in January) alongside a net loss of 92,000 jobs, with Latino unemployment rising to 5.2% from 4.9%, while noting ISM non-manufacturing PMI at 56.1 in February. Other February sources included Spain (USD 46.7 million, 5.9% of the total), with Italy and Switzerland accounting for 1.2% and 1.0%, respectively; within the Dominican Republic, the National District received 48.0% of February remittances, followed by Santiago (10.5%) and Santo Domingo (6.6%). The bank maintained its 2026 outlook for 3.5% year-on-year remittance growth, factoring in a new tax on transfers from the United States that took effect in January, and projected remittances around USD 12,200 million and foreign direct investment above USD 5,000 million for the year, alongside international reserves of USD 16,180.7 million at end-February and a 5.2% appreciation of the national currency against the US dollar since December 2025.
Central Bank of the Dominican Republic 2026-03-15
Central Bank of the Dominican Republic reports USD 1,870.4 million in remittances in January–February 2026, up 1.0% year on year
The Central Bank of the Dominican Republic reported remittances of USD 1,870.4 million for January–February 2026, marking a 1.0% year-on-year increase. February inflows were USD 887.6 million, impacted by challenging international conditions and weaker-than-expected US economic performance, which accounted for 83.4% of remittances. The bank maintained its 2026 outlook for 3.5% remittance growth, projecting USD 12,200 million in remittances and foreign direct investment over USD 5,000 million.